Monday, April 20, 2009

Euro / dollar. Technical opinion , April 20

Single European currency last week completed its fall below the support of $ 1.3090, which was held April 9 and a minimum level of correction in the Fibonacci 50.0% of the traffic $ 1.2459 - $ 1.3739, and with the start of trading Monday, the bear continued to attack. Under the threat now is support in the area of $ 1.2948, although it should be noted that nearby hosts a daily basis Bollindzhera tape. To reduce the negative mood bulls now require vozvrashenie above $ 1.3350.

RES 4: $ 1.3562/80 former support line since 5 March, to a maximum of 6 April
RES 3: $ 1.3424 resistance line from March 23
RES 2: $ 1.3310 21 Day Moving Average
RES 1: $ 1.3140 5-Day Moving Average

The current rate of euro / dollar: $ 1.3009

SUP 1: $ 1.2960/74 base tape Bollindzhera, hour minimum
SUP 2: $ 1.2948 61.8% of the traffic $ 1.2459 - $ 1.3739
SUP 3: $ 1.2870 up to March 16
SUP 4: $ 1.2506 support line since 28 October

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